Schlagwort: crypto business

• Elon Musk’s SpaceX has moved over 133 million dollars worth of Bitcoin.
• The firm transferred a total of 1,215 BTC to two separate, new wallets.
• The move follows other recent on-chain activity after a three-year lull.

Elon Musk’s space exploration company, SpaceX, moved more than $133 million in Bitcoin on Friday, according to the blockchain analytics firm Arkham Intelligence.

The significant on-chain transfer is the latest in a series of recent moves from the company after a more than three-year period of wallet inactivity.

The transaction has sparked fresh speculation in the market, though it is not immediately clear why the funds were transferred or if the company has any intention of selling a portion of its substantial Bitcoin holdings.

A major on-chain transfer to unlabeled wallets

Arkham Intelligence reported that SpaceX transferred a total of 1,215 Bitcoin in two separate transactions to new wallets. “SpaceX just moved funds totalling $133.7 million,” the analytics firm posted. 

They transferred 300 BTC ($33M) and 915 BTC ($100.7M) to new wallets.

The move comes just days after the company shifted a similar amount of Bitcoin between addresses that it controls.

Unlike those earlier transfers, Arkham noted that the new receiving wallets are not currently labeled as belonging to the Hawthorne, California-based firm.

A history of significant Bitcoin holdings

Prior to these recent transfers, SpaceX held 8,285 BTC, worth approximately $914 million at current prices, making it the fourth-largest privately held corporate holder of Bitcoin, according to data from BitcoinTreasuries.net.

The company’s on-chain history shows that its holdings were once much larger.

In 2022, addresses labeled as belonging to the aerospace firm held as much as 25,000 BTC, but that number dropped to its current level of 8,285 BTC in June of that year.

Following those moves, SpaceX did not register any further on-chain activity until earlier this year, when it began consolidating some of its Bitcoin holdings.

Tesla’s own Bitcoin connection

Another of Musk’s companies, the electric vehicle and robotics firm Tesla, also maintains a strong connection to Bitcoin.

The company currently holds 11,509 BTC, worth more than $1.27 billion, placing it just outside the top 10 publicly traded companies with Bitcoin treasuries.

Earlier this year, Tesla re-valued its Bitcoin holdings based on new accounting rules, a move that allowed it to book more than $600 million in quarterly profits as the price of BTC rose following the election of President Donald Trump.

As of Friday, the price of Bitcoin was down modestly on the day, trading at $110,541.

A representative for SpaceX did not immediately respond to a request for comment on the purpose of the transfers.

The post Why Elon Musk’s SpaceX transferred $133M in Bitcoin appeared first on CoinJournal.

• Zelle will use stablecoins for faster cross-border money transfers.
• The recently passed GENIUS Act in the US gives clear rules, fueling Zelle’s global innovation push.
• Major US banks are backing Zelle’s blockchain-based cross-border network.

Zelle, the payments processor that is widely used by millions of Americans for instant peer-to-peer (P2P) transfers, will now use stablecoins to power international transactions.

Notably, the move, announced by Zelle’s parent company Early Warning Services, underscores how digital tokens backed by fiat currencies are rapidly reshaping global finance.

Zelle goes global with the stablecoins integration

For years, Zelle has been a staple of domestic banking apps, allowing users to send and receive money in seconds.

Now, Early Warning Services says it will expand that speed and reliability to cross-border transfers using stablecoins.

The initiative aims to make international payments as seamless as Zelle’s domestic ones — faster, cheaper, and more dependable than traditional methods.

“Zelle transformed how Americans send money at home,” said Early Warning CEO Cameron Fowler.

“Now, we’re beginning the work to bring that same level of speed and reliability to Zelle consumers sending money to and from the United States.”

Fowler added that the company is investing where “consumer need, bank capability, and global opportunity intersect.”

Early Warning Services, jointly owned by Bank of America, JPMorgan Chase, Wells Fargo, Capital One, PNC, Truist, and US Bank, said the initiative will be available to all financial institutions in the Zelle Network.

The company, which partners with more than 2,500 banks and credit unions, described the new program as a foundation for “faster and more reliable cross-border money movement.”

Zelle’s move is fueled by regulatory clarity in the US

Zelle’s international expansion comes amid a friendlier regulatory climate for digital assets in the United States.

The US GENIUS Act, signed into law earlier this year, created a federal framework for issuing and overseeing stablecoins.

Early Warning CEO said that with clearer rules, Zelle can innovate “more quickly” and focus on safely scaling its network across borders.

Under the Trump administration, regulators have taken a more accommodating stance toward blockchain-based assets.

That clarity has encouraged not only Zelle’s parent company but also major corporations like Amazon, Meta, and PayPal to explore their own stablecoin projects.

And the timing is right. According to market data from Myriad, the total capitalisation of stablecoins stands at $312 billion and is projected to exceed $360 billion by January 2026.

Standard Chartered recently estimated that stablecoins could shift as much as $1 trillion in deposits away from banks in emerging markets within three years.

In addition, Zelle’s decision also reflects intensifying competition in global payments.

Fintech players such as PayPal, Revolut, and MoneyGram have already built cross-border offerings that appeal to younger, digital-first users.

Traditional remittance providers like Western Union face growing pressure as new technology makes international transfers faster and less expensive.

Despite entering the peer-to-peer space later than Venmo or Cash App, Zelle quickly became a dominant force in domestic payments.

It now processes roughly twice as many daily transactions as Venmo and five times as many as Block’s Cash App.

That scale gives Early Warning Services confidence that its stablecoin-powered model can compete globally, backed by the trust and regulatory credibility of the US banking system.

The post Payment processor Zelle taps stablecoins for cross-border payments appeared first on CoinJournal.

• Cryptocurrencies including Bitcoin, Ethereum, BNB, Solana, and XRP traded higher and then pared gains.
• Sentiment improved with the release of the US Consumer Price Index (CPI) report, but prices failed to rally.
• Analysts say the CPI data makes a Federal Reserve rate cut on October 29 “highly probable”.

Major cryptocurrencies including Bitcoin, Ethereum, BNB, Solana, and XRP have maintained steady prices despite Wall Street’s robust reaction to a key economic data release. 

As such, the cryptocurrency market was largely muted on Friday October 24, 2025, with an initial price spike following the release of the US Consumer Price Index (CPI) report failing to flip into notable gains. 

While several coins traded in the green, the subdued action meant the global crypto market capitalization, per CoinGecko, remained at $3.81 trillion.

Sentiment was still largely negative as the Fear & Greed index hovered at 32 and was in fear territory.

Meanwhile, global daily trading volume slipped to $153 billion.

Bitcoin, Ethereum prices as investors react to CPI data

The Bureau of Labor Statistics released the US CPI inflation report for September on Friday.

Data showed inflation was cooler than expected, with headline CPI at 0.3% and core inflation at 0.2%.

Meanwhile, both year-over-year measures for headline and core came in at 3%.

Economist Mohamed El-Erian commented on what the data says:

“This report makes a Federal Reserve rate cut next week highly probable. What happens beyond that, however, will depend on subsequent data, primarily confirmation of a softening labor market and continued disinflation.”

Stocks however, soared amid the report and a host of other bullish factors.

Bitcoin traded to highs of $111,842 before quickly retreating to $110,500.

Ethereum on the other hand, rose slightly to near $4,000 before revisiting $3,870 and settling just above $3,900.

Despite the cooling inflation data, analysts see a 99% likelihood of a Federal Reserve rate cut on October 29.

This will feed into risk asset appeal and both BTC and ETH could rally past key supply walls around $115k and $4,250.

BNB steady after Changpeng Zhao pardon

BNB, the native token of Binance, has maintained its price at $1,106, with negligible movement post-CPI.

The token is benefiting from Binance’s dominance in spot trading, and the news of President Donald Trump’s pardon of founder Changpeng Zhao buoyed the broader market.

Congratulations to my friend @cz_binance. Trump has corrected a grave injustice. The weaponization of the justice department against our industry and its entrepreneurs should have never happened. It was and still is a deep wound that will take a long time to heal https://t.co/OirXN3fSZC

— Charles Hoskinson (@IOHK_Charles) October 23, 2025

BNB price moved from lows of $1,048 to near $1,150 on October 24 before settling near the psychological $1,000 mark.

Solana and XRP steady but below key levels

Both Solana and XRP held steady at $190 and $2.49, respectively.

Network activity, partnerships and acquisitions have complemented sentiment built around spot ETF anticipation and treasury strategy moves.

However, SOL and XRP are below the key buy zones of $200 and $3.00, respectively.

Confidence could skyrocket if bulls take out bears at these levels.

News that Ripple is one of the crypto titans bankrolling donations for Trump’s White House ballroom project see XRP get further limelight.

The post Crypto wrap: Bitcoin, Ethereum, BNB, Solana, and XRP muted after CPI report appeared first on CoinJournal.